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Credit Score Disclosure - Easy Compliance Process
Effective December 1, 2004, Section 212 of the
FACT Act requires all mortgage lenders to
provide home loan applicants with two documents:
1. a Credit Score Disclosure, and
2. a Notice to Home Loan Applicant
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Credit Plus, Inc. can automatically deliver both documents to you or the consumer with every credit report you order. The automated credit score disclosure makes the compliance process easier for you. The disclosure report dynamically generates the consumer’s unique scoring information using the most up-to-date credit data available, and includes specific language as required by the FACT Act.
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With our direct connection to the national credit bureaus, you can be certain that this service meets the accuracy requirements mandated by the FACT Act. |
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